CandleFocus

Here’s Why Bitcoin Gained Over 20% in 3 Weeks: But Can it Go Higher?

BTC is experiencing a bullish September, despite a recent correction, and analysts speculate on whether the rally will continue. CryptoQuant suggests that the surge is driven by growing net inflows towards spot Bitcoin ETFs and increased demand from US investors. However, there are concerns that the increase in Long-Term Holders and overheating in the futures market could signal the late stages of a bull market. Additionally, the Federal Reserve's announcement of an interest rate cut may have contributed to BTC's price surge. Traders are now waiting for further information from the Federal Reserve to determine if the bullish rally will continue.

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